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> Economy

EU boosts energy cooperation with developing countries

The EU plans to allocate around two billion euros to support sustainable energy projects in African countries

Newsroom September 23 11:42

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Outgoing European Commission President José Manuel Barroso is co-signing joint declarations in New York to reinforce energy cooperation with five African countries: Cabo Verde, Côte d’Ivoire, Liberia, Togo and Rwanda. These agreements will aim to increase access to sustainable energy sources, even in rural areas where the needs are the greatest.

In order to achieve this also on a global scale, the EU plans to allocate more than 3.3 billion euro worth of grants in the 2014-2020 financial period to support sustainable energy projects all over the world. Around 2 billion euro will be dedicated to African countries.

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Ahead of the signing, President Barroso said:

“Sustainable energy is essential for fuelling growth and development. Two years ago, at the EU Sustainable Energy for All Summit in Brussels, I therefore proposed the ambitious target of helping developing countries to provide access to sustainable energy services to 500 million people by 2030. I am delighted that we are now joining forces with European and African countries that have decided to take the lead in the fight against energy poverty.”

President Barroso and Commissioner Piebalgs are currently in New York for the UN General Assembly, to attend, among other key international meetings, the Climate Change Summit.

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